APRIL FN30______________________________

FN 4.0 -------->>>> -0-05 to 100-19 from 100-24

FN 4.5 -------->>>> -0-07 to 102-08  from 102-15

FN 5.0 -------->>>> -0-04 to 103-03 from 103-07

FN 5.5 -------->>>> -0-06 to 103-18 from 103-24

FN 6.0 -------->>>> -0-01 to 104-02 from 104-03

APRIL GN30____________________________________

GN 4.0 -------->>>> -0-02 to 100-19  from 100-21

GN 4.5 -------->>>> -0-08 to 102-14 from 102-22

GN 5.0 -------->>>> -0-05 to 103-18 from 103-21

GN 5.5 -------->>>> -0-06 to 103-29 from 104-03

GN 6.0 -------->>>> -0-04 to 104-05 from 104-09

It is possible to see reprices for the worse at these levels.  To whatever extent that would be due to MBS as opposed to a massive influx of locks is anyone's guess.